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Lexus readies hybrid LS with V12 grunt, V6 economy

By Phil McNamara Motor Industry 03 June 2007 02:34 Lexus claims its new LS600h hybrid will return 29.7mpg – despite having 444bhp on tap. The company has announced new details of its flagship hybrid, which gets a European premiere at September's Paris motor show. Lexus claims that the petrol/electric hybrid drivetrain offers the performance of a V12, but with V6 fuel economy and emissions.

Porsche says Panamera avoids gas-guzzler tax

Few expenses were spared in conceiving the Porsche Panamera, but consumers will avoid at least one cost of ownership: the ignominious gas-guzzler tax. Porsche has announced ratings for the 2010 sedan; it will get a combined figure of 18 mpg or 19 mpg from the EPA, depending on the model. This means Porsche’s four-door foray will avoid a fairly substantial cost of ownership--a tax of up to $7,700 is levied on the most prolific guzzlers.

European car sales down 5.2%

EUROPEAN UNION car sales are still sagging despite the return of modest economic growth. For the first eight months of the year, passenger car sales were down 5.2% to 7.84 million compared with the same period last year, the European Auto Manufacturers' Association said - the lowest January-August figure since the group started keeping records in 1990. New car registrations in August fell five per cent from a year ago to 653,872.